Village Super Market Q3 EPS Plunges 18.7% to $0.61 Despite Revenue Growth
VLGEA sits 30% above its 52-week low of $30.08.
Summary
Village Super Market reported Q3 revenue of $572.6 million, a 1.6% increase year-over-year. However, diluted EPS declined significantly to $0.61 from $0.75 in the prior-year quarter, representing an 18.7% drop. Net income also fell to $9.0 million from $11.2 million. This follows the 10-Q filing earlier today, which detailed a nearly 20% drop in Q3 net income and EPS. While revenue saw modest growth, the substantial decline in profitability, driven by lower Wakefern rebates and higher promotional spend, indicates margin pressure.
At the time of this announcement, VLGEA was trading at $39.13 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $520.6M. The 52-week trading range was $30.08 to $48.21. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.